Enacted in April 2012, President Barack Obama hailed it as a potential "game-changer" for small, private businesses eager to raise money. Congress left it to the Securities and Exchange Commission to set final rules on how provisions of the new law would be implemented, a task the agency has yet to fully complete.
The JOBS Act's benefits so far have been ho-hum, in the eyes of some of its critics. Thus, several House Republicans now are putting forth "JOBS Act 2" proposals, arguing that legislation Congress passed in 2012 is too restrictive for small firms.
.... the discussion underscores a sense of disappointment and frustration with how the JOBS Act is playing out. In congressional testimony Tuesday, Securities and Exchange Commission Chair Mary Jo White said that completing key rule making required by the JOBS Act was a top priority.And she'll get right on it after her vacation.